Fujian Qingshan Paper Industry Co Ltd (600103) — Working Capital to Net Assets Ratio
Fujian Qingshan Paper Industry Co Ltd (600103) has a Working Capital to Net Assets ratio of 46.5% as of September 2025. Working capital of CN¥2.03 Billion (current assets of CN¥3.56 Billion minus current liabilities of CN¥1.53 Billion) is measured against net assets of CN¥4.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Fujian Qingshan Paper Industry Co Ltd (600103) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Fujian Qingshan Paper Industry Co Ltd Working Capital to Net Assets (1994–2024)
This chart shows how Fujian Qingshan Paper Industry Co Ltd's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1994 to 2024. As of September 2025, the ratio stands at 46.5%, reflecting working capital of CN¥2.03 Billion against net assets of CN¥4.36 Billion CNY. Check Fujian Qingshan Paper Industry Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Fujian Qingshan Paper Industry Co Ltd (1994–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Fujian Qingshan Paper Industry Co Ltd from 1994 to 2024, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see 600103 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 43.9% | CN¥1.89 Billion | CN¥4.31 Billion | CN¥3.86 Billion | CN¥1.97 Billion | ▼ -3.3 pp |
| 2023 | 47.2% | CN¥1.99 Billion | CN¥4.22 Billion | CN¥3.81 Billion | CN¥1.82 Billion | ▼ -5.1 pp |
| 2022 | 52.3% | CN¥2.18 Billion | CN¥4.16 Billion | CN¥3.60 Billion | CN¥1.43 Billion | ▲ +1.1 pp |
| 2021 | 51.2% | CN¥2.02 Billion | CN¥3.95 Billion | CN¥3.27 Billion | CN¥1.25 Billion | ▼ 0.0 pp |
| 2020 | 51.2% | CN¥2.00 Billion | CN¥3.91 Billion | CN¥3.29 Billion | CN¥1.29 Billion | ▲ +0.9 pp |
| 2019 | 50.3% | CN¥1.93 Billion | CN¥3.85 Billion | CN¥3.40 Billion | CN¥1.46 Billion | ▼ -0.1 pp |
| 2018 | 50.4% | CN¥1.86 Billion | CN¥3.69 Billion | CN¥3.15 Billion | CN¥1.29 Billion | ▼ -1.8 pp |
| 2017 | 52.2% | CN¥1.82 Billion | CN¥3.48 Billion | CN¥2.88 Billion | CN¥1.06 Billion | ▲ +5.0 pp |
| 2016 | 47.2% | CN¥1.59 Billion | CN¥3.37 Billion | CN¥2.92 Billion | CN¥1.33 Billion | ▲ +59.3 pp |
| 2015 | -12.0% | CN¥-148.29 Million | CN¥1.23 Billion | CN¥1.36 Billion | CN¥1.51 Billion | ▼ -59.3 pp |
| 2014 | 47.3% | CN¥652.01 Million | CN¥1.38 Billion | CN¥1.67 Billion | CN¥1.02 Billion | ▲ +20.1 pp |
| 2013 | 27.2% | CN¥400.66 Million | CN¥1.47 Billion | CN¥1.62 Billion | CN¥1.22 Billion | ▲ +28.1 pp |
| 2012 | -0.9% | CN¥-13.46 Million | CN¥1.47 Billion | CN¥1.40 Billion | CN¥1.41 Billion | ▼ -5.9 pp |
| 2011 | 5.0% | CN¥88.24 Million | CN¥1.76 Billion | CN¥1.41 Billion | CN¥1.32 Billion | ▼ -15.6 pp |
| 2010 | 20.6% | CN¥381.44 Million | CN¥1.85 Billion | CN¥1.30 Billion | CN¥921.97 Million | ▼ -7.4 pp |
| 2009 | 28.0% | CN¥531.91 Million | CN¥1.90 Billion | CN¥1.21 Billion | CN¥673.51 Million | ▼ -5.6 pp |
| 2008 | 33.6% | CN¥633.06 Million | CN¥1.88 Billion | CN¥1.15 Billion | CN¥520.73 Million | ▲ +4.9 pp |
| 2007 | 28.7% | CN¥627.94 Million | CN¥2.19 Billion | CN¥1.16 Billion | CN¥530.63 Million | ▼ -14.6 pp |
| 2006 | 43.3% | CN¥731.82 Million | CN¥1.69 Billion | CN¥1.11 Billion | CN¥373.71 Million | ▲ +12.6 pp |
| 2005 | 30.7% | CN¥516.73 Million | CN¥1.68 Billion | CN¥884.42 Million | CN¥367.69 Million | ▼ -7.6 pp |
| 2004 | 38.3% | CN¥637.27 Million | CN¥1.66 Billion | CN¥1.03 Billion | CN¥394.41 Million | ▲ +7.9 pp |
| 2003 | 30.4% | CN¥503.05 Million | CN¥1.65 Billion | CN¥945.09 Million | CN¥442.04 Million | ▲ +6.1 pp |
| 2002 | 24.4% | CN¥398.77 Million | CN¥1.64 Billion | CN¥1.01 Billion | CN¥614.61 Million | ▼ -4.1 pp |
| 2001 | 28.5% | CN¥462.78 Million | CN¥1.63 Billion | CN¥1.07 Billion | CN¥610.44 Million | ▼ -5.1 pp |
| 2000 | 33.6% | CN¥545.32 Million | CN¥1.62 Billion | CN¥1.09 Billion | CN¥541.55 Million | ▼ -8.5 pp |
| 1999 | 42.1% | CN¥619.69 Million | CN¥1.47 Billion | CN¥1.03 Billion | CN¥406.01 Million | ▼ -1.7 pp |
| 1998 | 43.8% | CN¥504.68 Million | CN¥1.15 Billion | CN¥931.83 Million | CN¥427.15 Million | ▲ +5.1 pp |
| 1997 | 38.7% | CN¥394.80 Million | CN¥1.02 Billion | CN¥684.62 Million | CN¥289.82 Million | ▲ +32.6 pp |
| 1996 | 6.0% | CN¥31.43 Million | CN¥519.79 Million | CN¥331.68 Million | CN¥300.24 Million | ▲ +2.0 pp |
| 1995 | 4.0% | CN¥17.98 Million | CN¥446.04 Million | CN¥265.51 Million | CN¥247.53 Million | ▲ +3.1 pp |
| 1994 | 0.9% | CN¥3.48 Million | CN¥381.53 Million | CN¥193.04 Million | CN¥189.56 Million | — |